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BINARY OPTIONS INSIGHTS FOR MAY 9TH 2016

BitCoin/CNY 6291.000 11:00 24.01
USD/MXN 21.421 11:00 24.01
FTSE F-MAR17 7107.750 11:00 24.01
USD/RUB 59.259 11:00 24.01
USD/NOK 8.35711 11:00 24.01
USD/CHF 1.00118 11:00 24.01
OIL-MAR17 (BRENT) 55.480 11:00 24.01
EUR/ILS 4.06935 11:00 24.01
USD/ILS 3.79245 11:00 24.01
SBERBANK 168.585 11:00 24.01
GAZPROM 149.220 11:00 24.01
NZD/CHF 0.72229 11:00 24.01
CAD/CHF 0.75325 11:00 24.01
NZD/USD 0.72145 11:00 24.01
SUGAR (11)-MAR17 20.9750 11:00 24.01
CAD/JPY 85.347 11:00 24.01
AUD/USD 0.75568 11:00 24.01
AUD/JPY 85.721 11:00 24.01
GBP/USD 1.24566 11:00 24.01
EUR/USD 1.07297 11:00 24.01
VTB BANK 0.068940 11:00 24.01
ROSNEFT' 387.325 11:00 24.01
METRO AG 31.955 11:00 24.01
OIL-FEB17(WTI CRUDE) 52.550 11:00 24.01
SILVER 17.108 11:00 24.01
GOLD/EUR 1129.755 11:00 24.01
USD/JPY 113.440 11:00 24.01
EUR/JPY 121.719 11:00 24.01
GOLD VS OIL 21.8500 11:00 24.01
BMW VS DAIMLER 1.22767 11:00 24.01
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By: Adam Stone
May 9th, 2016 07:45am GMT, London UK

Market Recap & Outlook:

Friday saw the Dollar lower against the Yen , with USD/JPY at 107.11. The dollar had risen against the Japanese currency in the previous three sessions, recovering from an 18 month low of 105.54 set on Tuesday. The Euro changed little against the Dollar, with EUR/USD at 1.1404, well short of the heights of 1.1616 reached on Tuesday May 3rd 2016.

Sterling dropped to two week lows caused in part by ongoing uncertainty over the June 23 referendum regarding the UK’s EU membership, GBP/USD was down .039 percent to 1.4430.

The Canadian dollar dropped to the lowest point of the month, a massive wildfire in Alberta and data showing the economy unexpectedly shed over 2000 jobs last month clouded the outlook for the economy. USD/CAD reached highs of 1.2952 before alighting at 1.2908.

This coming Friday ,investors will be watching for the release of US data on retail sales, producer prices and consumer sentiment for fresh indications on the health of the worlds largest economy.

Market watchers will keenly await Mondays minutes from the Bank of Japan April meeting after policy makers surprised markets by holding back on implementing fresh stimulus measures.

Gold prices rallied almost 2 percent on Friday, following data showing the US economy added the least number of jobs in seven months this April, raising doubts over whether the Federal Reserve will raise interest rates before the end of the year. For the week gold prices rose 0.29 percent or $3.50 for the second straight weekly gain amid indications the Fed will take a cautious approach to raising interest rates this year. Gold prices are so far this year, up 22 percent.

USD/JPY: A binary Call option coincides with the trend, seen below.
USDJPY Binary Options Insights for May 9th 2016

EUR/USD: A binary Put option coincides with the trend, seen below.
EURUSD Binary Options Insights for May 9th 2016

GBP/USD: A binary Call option coincides with the trend, seen below.
GBPUSD Binary Options Insights for May 9th 2016

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Adam Stone
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Adam Stone

As COO of GOptions, my first and foremost goal is to provide traders with the most up to date info from the markets. I have been trading the markets since 2004 and have been involved with stocks, binary options, and forex trading since then. I have had no formal market education and pride myself on a self taught approach to everything related to trading. I try to focus though on both the technical and fundamental aspects related to each trading day and bring forward the most important aspects of risk/reward in the market.
Adam Stone
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